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Morgan Stanley

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  • NEW YORK, Jan 31- JPMorgan Chase& Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. Made public on Friday night, the settlement is the first in the nationwide litigation and resolved claims over JPMorgan's...

  • Jan 30- Shares of Shake Shack Inc more than doubled on Friday, putting a nearly $2 billion price tag on the small cult hamburger chain, in a huge bet that its growth can match top performers in the crowded "fast-casual" dining space. Other hot restaurant debuts have been followed by stock swoons, including Noodles& Co and sandwich maker Potbelly Corp.

  • Midday Glance: Banks companies Friday, 30 Jan 2015 | 1:27 PM ET

    Bank of America Corp. fell$. 12 or. 8 percent, to $15.31. Citigroup Inc. fell$. 34 or. 7 percent, to $47.28. Goldman Sachs fell $1.96 or 1.1 percent, to $174.03.

  • European shares enjoy best month in over 3 years Friday, 30 Jan 2015 | 12:48 PM ET

    *'Europe on verge of upgrade cycle'- Morgan Stanley. PARIS, Jan 30- European stocks dipped on Friday but posted their best monthly performance in over three years, lifted by hopes the European Central Bank's quantitative easing programme will revive the region's economic growth and corporate earnings will bounce. "After four years of persistent growth...

  • Early Glance: Banks companies Friday, 30 Jan 2015 | 11:13 AM ET

    Bank of America Corp. fell$. 19 or 1.2 percent, to $15.24. Citigroup Inc. fell$. 33 or. 7 percent, to $47.29. Goldman Sachs fell $1.57 or. 9 percent, to $174.42.

  • Jan 30- Shares of trendy hamburger chain Shake Shack Inc soared 150 percent in their first few minutes of trading on Friday, valuing the company that grew out of a hotdog cart in New York's Madison Square Park at nearly $2 billion. Shake Shack shares hit $52.49 in early trading on the New York Stock Exchange, way above their offer price of $21, before easing back to $48.

  • Shake Shack sizzles in market debut Friday, 30 Jan 2015 | 10:18 AM ET

    Jan 30- Shares of gourmet hamburger chain Shake Shack Inc soared 150 percent in their first few minutes of trading on Friday, valuing the company that grew out of a hotdog cart in New York's Madison Square Park at nearly $2 billion. Meyer, who also owns popular New York restaurants Blue Smoke, Gramercy Tavern and Union Square Cafe, opened the first Shake Shack in...

  • *Copper upside limited without physical Chinese buying-analyst. LONDON, Jan 30- Copper and aluminum gained on Friday after upbeat European retail sales data and as some investors bought back short positions ahead of the weekend. While the smattering of upbeat data in Europe gave metals markets a lift, Citi analyst David Wilson said the market was not out of the...

  • *China funds committed to short view, continue selling- trader. Copper's price weakness has been wrapped up in broader macroeconomic uncertainty, exacerbated by the slide in oil, rather than because of copper's own fundamentals, said Joel Crane, of Morgan Stanley in Melbourne. "Copper failed to break the double bottom at $5,350 last night so that spurred a bit of...

  • Final Glance: Banks companies Thursday, 29 Jan 2015 | 6:14 PM ET

    Bank of America Corp. rose$. 23 or 1.5 percent, to $15.43. Citigroup Inc. rose$. 52 or 1.1 percent, to $47.62. Morgan Stanley rose$. 60 or 1.8 percent, to $34.37.

  • Jan 29- Growth-hungry investors snapped up shares offered by Shake Shack Inc, setting the stage for a sizzling debut for the New York- based burger chain when its stock starts trading on Friday. Shares of the company, which has won a cult following for its rich milkshakes and hormone- and antibiotic-free burgers, priced at $21 each, an underwriter said, valuing the...

  • MELBOURNE/ NEW YORK, Jan 29- Macquarie Group Ltd is in talks to buy Jefferies Group LLC's commodities and financial derivatives brokerage, three sources said, as the Australian bank continues to expand its commodities business while rivals retreat. News of the talks come just a month after the U.S. investment bank, owned by Leucadia National Corp, said it was...

  • Ford results highlight pressure on profit margins Thursday, 29 Jan 2015 | 4:50 PM ET

    Jan 29- Ford Motor Co has two big challenges in 2015- narrowing its loss in Europe where it trails key rivals, and rebuilding North American margins which drive overall profits. Just four months ago, Ford told investors it would lose $250 million in Europe in 2015. It lost money in the region last year despite boosting revenue by $2.2 billion and selling more cars...

  • NEW YORK, Jan 29- The Swiss franc dominated trade on major currency markets again on Thursday, weakening against both the euro and U.S. dollar on renewed speculation of intervention by the Swiss National Bank, while commodity-based currencies fell against the greenback. The euro gained broadly, even in the face of Greek political ructions with the European...

  • Midday Glance: Banks companies Thursday, 29 Jan 2015 | 1:23 PM ET

    Bank of America Corp. rose$. 15 or 1.0 percent, to $15.35. Citigroup Inc. rose$. 14 or. 3 percent, to $47.24. Goldman Sachs rose $1.33 or. 8 percent, to $174.38.

  • FOREX-Swiss franc under pressure, euro broadly stronger Thursday, 29 Jan 2015 | 11:38 AM ET

    NEW YORK, Jan 29- The Swiss franc dominated trade on major currency markets again on Thursday, weakening against the euro and the U.S. dollar on renewed speculation of intervention by the Swiss National Bank, while commodity-based currencies fell against the greenback. "Despite all the uncertainties related to Greece, the euro is trading resiliently off the...

  • Early Glance: Banks companies Thursday, 29 Jan 2015 | 10:40 AM ET

    Bank of America Corp. rose$. 15 or 1.0 percent, to $15.35. Citigroup Inc. rose$. 08 or. 2 percent, to $47.18. Goldman Sachs rose $1.86 or 1.1 percent, to $174.91.

  • ATHENS, Jan 29- Greek bank deposits fell in December for the third straight month as savers stepped up withdrawals amid rising political tensions and the prospect of a stand-off with the country's international creditors, and bankers expect the trend will have accelerated in January. Corporate and household deposit balances in December fell 2.4 percent...

  • *Greece concerns weigh on Europe, Athens stocks up. LONDON, Jan 29- European stocks slipped and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signalled it was on track to raise interest rates this year. Greece, where an anti-austerity prime minister took over on Monday, also kept investors...

  • UPDATE 3-Deutsche Bank's legal headaches drag into 2015 Thursday, 29 Jan 2015 | 7:03 AM ET

    FRANKFURT, Jan 29- Legal costs will weigh down Deutsche Bank's results well into 2015, Germany's biggest bank said on Thursday, as global investigations into cases such as the alleged manipulation of interest rate and currency benchmarks drag on. Deutsche Bank, which had originally hoped to clear its decks of legal problems in 2014, postponed a big litigation...